The Weights and Total Weighted Scores in Both a Competitive

question 51

True/False

The weights and total weighted scores in both a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) Matrix have the same meaning.

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Definitions:

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business or enterprise with the aim of making a profit.

Software Application

A computer program designed to perform a group of coordinated functions, tasks, or activities for the user's benefit.

Penny-Pinching Techniques

Strategies and methods focused on reducing expenses and conserving financial resources in a cost-effective manner.

Earned Income

The revenue generated by a nonprofit organization through the sale of goods and services, as opposed to funding received through donations or grants.